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    Property profile & analytics

    1308 Lexington Ave, Unit A Independence, MO 64050-3561

    • Apartment buildings
    • 1,742 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $335,000
    Last Sale
    Jul 06, 2021
    Location Intelligence
    Property ID
    US48-0341867
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1308 Lexington Ave

    Year built
    1930
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    1,742 SF
    Property type
    Apartment buildings
    APN
    26-340-24-04
    APU
    263402404

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $440,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $480,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $480,000
      Mixed-Use
      $505,000
      Hospitality
      $430,000
      Educational
      $410,000
      Residential Income
      $450,000
      Energy
      $465,000
      Income-Based Land
      $380,000
      Food Service
      $370,000

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.4315
    Latitude
    39.089
    CBSA code
    28140
    CBSA name
    KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,605
    $7,866
    $30,609
    $38,475
    -
    $0.00
    $0.00
    $202,500

    Comparable in this City

    • Value Estimation by Request
      1,442 SF

      620 Riv Blvd, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 1,442 SF
      620 Riv Blvd, Independence, MO 64050-2570
      View Details
    • Value Estimation by Request
      2,640 SF

      1101 Main St, Unit A

      APARTMENT HOUSE (5+ UNITS) • 2,640 SF
      1101 Main St, Independence, MO 64050-4400
      View Details
    • Value Estimation by Request
      4,725 SF

      955 Leroy St, Unit 9

      APARTMENT HOUSE (5+ UNITS) • 4,725 SF
      955 Leroy St, Independence, MO 64050-4479
      View Details
    • Value Estimation
      $320,000
      1,899 SF

      422 Noland Rd, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 1,899 SF
      422 Noland Rd, Independence, MO 64050-3958
      View Details
    • Value Estimation
      $305,000
      280 SF

      800 Noland Rd

      APARTMENT HOUSE (5+ UNITS) • 280 SF
      800 Noland Rd, Independence, MO 64050-4586
      View Details
    • Value Estimation by Request
      832 SF

      417 Lynn St, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 832 SF
      417 Lynn St, Independence, MO 64050-3972
      View Details

    Similar Nearby for Sale

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    • $529,000
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    • New
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    Similar Nearby for Lease

    • Contact for pricing
      12,748 SF

      Prime Independence Industrial Space

      12,748 SF Flex Space - For Lease
      300 Main St, Independence, MO 64050
      View Details
    • $1,500 /Mo
      1,300 SF

      Retail Space on S. Noland

      Retail space with private office available March 1st, 2025.
      1507 S Noland Rd, Independence, MO 64050
      View Details
    • $12 SF/Yr
      3,200 SF

      Retail Space in Major Corridor

      3,200 SF retail space in high-traffic Independence location.
      3503-3545 S Noland Rd, Independence, MO 64050
      View Details
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    1308 Lexington Ave, Unit A
    Independence, MO 64050-3561
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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